Good news for the Vancouver Food Bank – and other charities.
The Agricultural Minister has announced details of a new Farmers’ Food Donation Tax Credit.
Norm Letnick says the tax credit will be available to groups and individuals who carry on the business of farming, and at the same time, donate a qualifying agricultural product to a registered charity.
“It will result in more British Columbians having healthy, local, fresh food that they can choose from.”
READ MORE: A call for healthier donations to food banks
Ariela Friedmann with the Vancouver Food Bank hopes it will result in more fresh, locally grown fruits and veggies to give away….
“People can only live on canned produce and staples like rice and noodles for so long and when you can supplement that with something fresh it makes such an incredible difference.”
The tax credit will be available for three years, after which it will be reviewed and will be worth 25% of the fair market value of the product.